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20130113
20130121
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CNBC 10
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English 10
Search Results 0 to 9 of about 10
CNBC
Jan 17, 2013 7:00pm EST
and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's not going to do it. the story here, two issues. one, we are going to see slower growth because we have lower population growth and that's because people didn't have kids 30 years old. i don't know if you want to blame president obama for that, that's strange, but you can do so. this was a qualitatively different type of recession. he had a housing bubble, it collapsed. that was not the nature of the recession in '74, '75, '81, '82. those were easy to get out of. easy to have strong growth because the fed deliberately raised inte
CNBC
Jan 17, 2013 11:00pm EST
's getting a major boost from one of these themes. i'm talking about the incredible rally in the temporary staffing companies. companies that provide temps to other businesses and how it's being fueled in part by the pending implementation of obama care next year. which is one of the themes i told you about last week, the government made me do it theme. the staffing companies are in flago right now. and i think they'll stay that way for the rest of the year. the reasons? some has to do with anticipation of the obama health care act, which i'll talk about this in a minute. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. temps are the first to get fired in a downturn and the first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. ♪ hallelujah just today we saw the jobless claims drop to the lowest level in five years. >> house of pleasure. >> plus, while full-time employment was only up 1.4% in 2012, the total number of temporary employees increased by 6.2. that r
CNBC
Jan 15, 2013 7:00pm EST
entitlements. >> that is the big question. will president obama compromise? >> i'm not sure he is going to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year and a half ago we had an increase of 1 $2.1 trillion. and we are through that. and now we are up to $17 trillion. so, in my view to be candid. there is only one party that is remotely serious about dealing with this party. if we are talking tactics, what do you do if you are house republicans? you have leverage. you have talked about them already on this show. one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move the last minute further ou
CNBC
Jan 18, 2013 1:00pm EST
brand and it appears he fell badly. the love did not rub off of oprah on to lance. >> let's talk about the inauguration monday. barack obama. take a look at the official white house photograph from 2009 and now in 2013. the presidency does age us, isn't it, neil? >> it certainly does. almost as bad as trying to run a media website. but seriously, obviously, when you see these pictures, before and after the presidents, you're like wow, i'm glad i didn't get a day older myself. it is a tough job and obviously particularly partisan, nasty. sort of things that tear at you internally. that's what's been going on the last four years. you got to feel for the guy. >> let's not go back to 2007 when we met. >> it is like dog years. salt and pepper looks okay on him. when i'm 51, i hope i'm in raz descent of shape. >> yeah. good basketball player. >>> quick programming note. on monday, we will have special coverage of the second inauguration of president barack obama. beginning at 11:00 a.m. eastern on monday here on cnbc. simon? >> in the meantime, millions of dollars worth of classic cars on th
CNBC
Jan 16, 2013 6:00am EST
voted for refusing to raise the debt ceiling in 2006, talking about president obama. >> let me give you a history. when i came to the congress in 1977, one of the first days i was there, tip o'neill saw me, said, you look like a nice young guy, we need somebody to carry out the trash. he said carrying out the trash is passing the debt limit increase. i spent five years. this is a crazy story, doing little else than going to my colleagues in the domestemocraty to get a vote in the debt ceiling. everybody wanted to vote against it because it could be used against them in the election. everybody knew it had to pass and every time it would pass by one or two votes after i worked on it for weeks and weeks. i said, this is crazy. everybody knows you have to pass it, you already spent the money, like going in a restaurant and saying, i don't want to pay the bill. that's cracrazy. we passed something called the gephardt bill when you pass the budget, you pass the debt ceiling automatically to accommodate those budget figures. yes, you're right. this issue raises all the deficit issues. it shoul
CNBC
Jan 18, 2013 7:00pm EST
again with his opposition to obama care. he's about to join us next. malu turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> outspoken whole foods ceo john mackey is no stranger to controversy. remember his 2009 "wall street journal" op-ed calling for obama care repeal. well, he's back at it. this time he said obama care is worse than socialism, it might even be fascism. let's welcom
CNBC
Jan 17, 2013 2:00pm EST
in government programs. i think run out of washington. but university of baylor. austin ghoulsby, obama's economic adviser, he was more closely in line with helping people make their decisions. >> go i head, sorry. >> this is getting worse with time when you talk about the consumer and one for instant gratification. when you think about it, a lot of people say, i'm not going to wait on line because i can go on-line and shop in my comfort of my own home. it is getting worse and worse. and economics change with that. >> i think that's exactly right. i think there is this old sense that psychology is psychology and economic is economics and neurology is neurology. they wsht allowed it play with each other and learn from each other. economists are good at explaining about why we make decisions and how we choose. they don't just listen to classical economic series. they use psychology. they say, how are our biases decisions make me rational and -- >> every watch irof cnbc has to ask themselves. which is when we record a news event, has the market perfectly priced in the value of that news ev
CNBC
Jan 15, 2013 9:00am EST
. it seems like something they would want to talk about. >> certainly. even michelle obama was offering, you know, her support saying she wants other retailers involved as well in this program. i'm not sure what happened. >> i am assuming they don't want to put themselves on television because. gun debate that is raging at the moment. it's a very difficult subject for the largest seller of weapons in the united states. if you look at what happened in the wake of the shooting that we had here, they removed the bushmaster ar-15 that killed 26 people from their website. and yet we're still selling semiautomatic guns, and many guns sold out of the semiautomatic guns and they say they're not prepared to change their gun mix. they're right in the heart of that debate as the largest licensed gun seller in the united states, as we get moves almost by the hour. the white house trying to change gun policy. >> exactly. >> reluctantly. they didn't want to go in the first instance and said, we didn't realize how important that it was that we were physically. >> we'll discuss that today as well. i wish i
CNBC
Jan 15, 2013 4:00pm EST
you're talking about, ed, is an opportunity for businesses and washington to work together on energy. we're not seeing that. >> obama has been more energy friendly than people would like to admit. numbers back it up. production doing very, very well when he's been in office and the other thing i'm saying -- >> what about the keystone pipeline? >> nothing has come of it yet, but let me tell you there are other pipelines producing pretty well without that pipeline. we're talking 16% last year, 14% increase this year, another 10% the year after that. we're going to look at almost a 50% increase in oil production in four years in the united states so something seems to be working and it's not -- washington can't seem to stop it because the technology and the raw materials seem to be there. >> despite, despite washington. >> david, jump in here. how are you investing today? >> well, you know, we've talked about the vix earnings. right now we're coming off a trough in the third quarter. we don't expect much more earnings, for fourth-quarter earnings. vix is really contrarian indicator, a l
CNBC
Jan 18, 2013 6:00am EST
, that president obama said we're going to have an economist on today on how you get -- you know, we're going to talk to him. he says the one thing that would hurt the economy is in cuts in social security or medicare or medicaid. any type of reform to those things. >> to the true liberal -- >> other than raising taxes up to the level where you fund the promises that we've already made. the entitlements that we've already made and the guarantees we've made, they just want to raise taxes on somebody. i don't know who, to the point where we never actually reform medicare, medicaid or social security. >> the question i want to ask him, is there ever a time that he's making, is it now given where we are in the economy? >> well, the question is, you put in a hundred and you take out 400 in medicare and the government covers 300. >> and it makes no sense. >> well, no, but there are people that think that the government's roll is to provide that 300. and so we should raise taxes to the point where you -- it doesn't matter that you -- >> right. >> it doesn't matter. that is the redistribution. >> tha
Search Results 0 to 9 of about 10